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Property profile & analytics
OFF-MARKET
Estimated value
$4,215,000
Hotels
1507 Watson Rd Arlington, TX 76006-6065
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US82-3359110
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Total area
131,147 SF
Lot
4.53 ac (197,240 SF)
APN
14215--ER1
UPID
US82-3359110
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
College Park Center College
-
The Anointed Rock Church Association Or Organization
-
The Brass Spur Bar & Grill Restaurant
-
Encore Rental Equipment Company Tech Support Center
-
Doubletree by Hilton Arlington DFW South Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$4.22M
Owner & transaction history
Randal Arlington Hospitality LLC · 1 yrs held
Randal Arlington Hospitality LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.9M
+93.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,530,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,900,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$4.22M
Range $3.79M – $4.64M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$32 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$430,281
Tax year 2023
Assessed value
$19,750,000
Assessed 2024
Previous assessed
$19,500,000
+1.3% YoY
Effective rate
2.18%
On assessed value
Assessed land
$1,479,398
Assessed improvement
$18,270,602
Land market value
$1,479,398
Improvement market value
$18,270,602
Total market value
$19,750,000
Applied tax rate
224.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1982
Heating
NONE
Stories
5
Total area
131,147 SF
Lot
4.53 ac (197,240 SF)
APN
14215--ER1
UPID
US82-3359110
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
5
Lot
4.53 ac
Current owner
From public records · entity-resolved
Randal Arlington Hospitality LLC
Entity
Mailing address
1507 N WATSON RD, ARLINGTON, TX 76006-6065
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
Randal Arlington Hospitality LLC
Admiral Hotel Group LLC
Deed
$16,500,000 · Praful Patel
Apr 21, 2020
—
Admiral Hotel Group LLC
—
Deed
related
$8,552,069 · Centennial Bk
Dec 31, 2019
—
Admiral Hotel Group LLC
—
Deed
related
$16,900,000 · Centennial Bank
Sep 19, 2016
—
Admiral Hotel Group LLC
—
Deed
related
$62,167 · Property Tax Lndg
Apr 4, 2016
—
Admiral Hotel Group LLC
—
Grant Deed
related
$3,400,000 · Centennial Bk
Jun 4, 2015
—
Admiral Hotel Group LLC
Nrfc Lodging LLC
Venders Lien
$9,512,000 · Centennial Bank
Apr 10, 2012
—
Nrfc Arlington Holdings LLC
Admiral Crew Lodging Ltd
Grant Deed
—
Jun 13, 2006
—
Admiral Crew Lodging Ltd
Nwh Arlington LLC
Grant Deed
related
—
Apr 3, 2006
—
Admiral Crew Lodging Ltd
Nwh Arlington LLC
Grant Deed
$6,225,000 · Nrf Capital LP
—
—
Admiral Crew Lodging Ltd
—
Deed Of Trust
related
$5,975,000 · N-star Rel Cdo IV Gran Tr (ct)
—
—
Admiral Hotel Group LLC
—
Loan Modification
related
$3,064,308 · Centennial Bk
—
—
Admiral Hotel Group LLC
—
Loan Modification
related
$8,552,069 · Centennial Bk
—
—
Nrfc Arlington Holdings LLC
—
Deed Of Trust
related
$6,225,000 · N-star Rel Cdo IV Gran Tr (ct)
—
—
Admiral Hotel Group LLC
—
Deed Of Trust
related
$62,167 · Property Tax Lndg
—
—
Admiral Hotel Group LLC
—
Deed Of Trust
related
$674,522 · Property Tax Lndg
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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